CNS Canada — Soybean futures on the Chicago Board of Trade hung mostly rangebound during the week ended Wednesday. Attention now shifts to the crop in South America. “People will be watching the Argentine weather situation to see if it has any changes in the second-week forecast of 11 to 15 days,” said Terry Reilly, […] Read more
Tag Archives argentina — page 37
CBOT weekly outlook: Soy waits on Argentine weather, inspections
Argentina pledges access for Canadian pork
Canada and Argentina are in late-stage talks that would see Canadian pork exporters regain access to that South American market. Following a meeting between Argentina’s President Mauricio Macri and Canada’s Prime Minister Justin Trudeau, the federal government last Friday said the two countries have “acknowledged the necessary steps to complete the process to allow for […] Read more
U.S. grains: Wheat, corn futures edge higher
Chicago | Reuters — U.S. wheat and corn futures firmed slightly on Wednesday, supported by a round of bargain buying, traders said. Wheat received additional support from a weakening dollar and hopes that export demand for U.S. supplies will perk up in the coming weeks amid a production shortfall in Europe. Export demand also provided […] Read more
Shallow roots potential concern for Manitoba sunflowers
Commodity News Service Canada – Sunflower crops in Manitoba are generally in good shape for this time of year, but excess moisture in the key growing areas have kept root systems shallow, which could create problems later in the season, according to an industry participant. It’s still relatively early for sunflowers, with diseases usually not setting in until […] Read more
CBOT weekly outlook: Surprise demand propping up prices
CNS Canada — Unexpected demand for corn and soybeans is supporting markets in Chicago, according to one U.S. trader, a trend he expects to continue. Soybeans — “It’s just not over yet,” said Sean Lusk, director of commercial hedging with Walsh Trading in Chicago. Chicago Board of Trade (CBOT) soybeans rallied in late April after […] Read more
U.S. grains: Soy surges as export hopes rise
Chicago | Reuters — U.S. soybean, corn and wheat futures rose on Friday on bargain buying after all three commodities posted sharp declines on Thursday. Soybeans led the gains, with the most-active contract rising 2.6 per cent. Underpinning soy were hopes that the U.S. exporters will continue to pick up overseas demand even as harvest […] Read more
U.S. grains: Soy, wheat firm on bargain buying
Chicago | Reuters — U.S. wheat and soybeans firmed on Wednesday, reversing overnight losses, on technical buying and a mild round of short-covering, traders said. Corn futures weakened, with buyers wary of pushing prices higher amid a swift pace of planting in the U.S. Midwest. Sharp declines on Tuesday caused investors to step in and […] Read more
U.S. grains: Profit-taking sparks sell-off
Chicago | Reuters — Chicago Board of Trade corn, soybean and wheat futures fell on Tuesday, pressured by a round of profit-taking and technical sales, traders said. Soybeans set back from a 15-month high hit during the overnight session while corn and wheat faced resistance after failing to take out last week’s peaks, sparking a […] Read more
Global GMO area dips in 2015 in first-ever decline
Reuters — The world scaled back biotech crop planting for the first time ever in 2015, led by a decline in the U.S., which has fuelled rapid expansion of genetically modified crops since their commercial launch two decades ago, according to an annual report released Wednesday. The decline was blamed largely on lower crop plantings […] Read more
Argentina declares flood emergency in six key farm provinces
Buenos Aires | Reuters — Six of Argentina’s main farm provinces were declared flood emergency areas by the government on Friday, making special credit lines and tax breaks available to affected growers in the soy- and corn-exporting powerhouse. The resolution, announced in the government’s morning gazette, covers the provinces of Cordoba, Santa Fe, Entre Rios, […] Read more
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